https://www.taxtmi.com/article/detailed?id=6404 Proposed GST replaces multiple central and state indirect taxes with Central GST and State GST, each administered by the respective government, subsuming specified existing levies. The taxable event is expected to shift from manufacture to supply, which is understood to include stock and branch transfers; exports will be zero-rated, certain goods may be exempted or excluded for local-body levies, and cross-utilisation between Central and State GST is not expected. en-us Tue, 25 Aug 2015 09:22:17 +0530 Tue, 25 Aug 2015 09:22:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6404 Proposed GST replaces multiple central and state indirect taxes with Central GST and State GST, each administered by the respective government, subsuming specified existing levies. The taxable event is expected to shift from manufacture to supply, which is understood to include stock and branch transfers; exports will be zero-rated, certain goods may be exempted or excluded for local-body levies, and cross-utilisation between Central and State GST is not expected. Articles Goods and Services Tax - GST Tue, 25 Aug 2015 09:22:17 +0530 https://www.taxtmi.com/article/detailed?id=6404